RE: The pennsif.witness Steem Multisig Wizard is HERE!
Would it be possible for an organization to use this tool to set up an account so that:
1.) It could still be used for posting and voting; but
2.) It would be provably impossible to ever powerdown and withdraw the STEEM.
Or else (to enable the organization to withdraw curation rewards):
1.) Account A delegates to account B
2.) Account A is provably locked so that the delegation can never be undone
3.) Account B can use the delegation to generate curation rewards, but no one can ever withdraw the STEEM from Account A, or even withdraw the delegation.
????
I'm thinking along the lines of a charitable endowment fund, where an organization can benefit from the STEEM, but no member of the organization can ever embezzle the principle investment.
Not that I have any plans. I'm just curious.
Both use-cases are very nearly possible.
At the moment, we change the Owner and Active authorities to require multisig, but leave the Posting authority alone.
The Wizard currently won't let you set up an account with higher weight requirement than the signatories can meet, so the "provably unspendable" part won't (yet) work.
I'll need to check if the blockchain validation disallows that; if it's possible then we should change the "signatories have insufficient weight" message to a "are you SURE you know what you're doing"...
Hello there. I'd like to contact you in Discord or Telegram. Let me know soon. This is such an amazing tool to be used in community accounts for sure. Regards.